69 h. ago Joe Biden accuses Trump and Musk of taking ‘hatchet’ to social security

In first speech since leaving office, ex-president spoke of ‘destruction’ current administration has wroughtJoe Biden on Tuesday accused Donald Trump and his billionaire lieutenant, Elon Musk, of taking a “hatchet” to the social security administration as part of their warp-speed effort to tear down the federal government.In his first public remarks since leaving office, the former president avoided any mention of Trump – his predecessor and successor – by name but assailed the administration for threatening social security, which he called a “sacred promise” that more than 70 million Americans rely on each month. Continue reading...

Politics

5 d. ago Nigel Farage says Elon Musk calling for new Reform leader was 'him trying to encourage me'

The billionaire adviser to Donald Trump called for a new leader of Reform UK

Politics

5 d. ago Nigel Farage claims Elon Musk was ‘trying to encourage him’ by calling for him to be sacked

Reform UK leader also claims his party still ‘cool’ to young people in wake of fall out with tech billionaire Tesla owner and ‘first buddy’ of US president Donald Trump

Politics

5 d. ago Price hike on Shein? How Trump tariffs could shift the US’s love of fast fashion

Trump ended the ‘de-minimis’ rule while launching a trade war with China – which will make retail giants such as Temu more expensive, experts sayAfter a chaotic week of flip-flopping tariff policies, cheap clothes from China are nearly certain to face a steep price hike soon – prompting concern among fast fashion retailers and potentially pushing consumers to look for other alternatives.As part of a package of global tariff policies announced on “liberation day” last week, Donald Trump signed an executive order that ended a duty-free exemption for low-priced goods to enter the US from China and Hong Kong. Known as the “de-minimis” rule, packages under $800 do not qualify for any taxes or tariffs on the goods and are inspected minimally at the border. Continue reading...

Politics

7 d. ago Trump brags in Oval Office that his billionaire pals made a killing in stocks after he pulled the plug on tariffs

President Donald Trump gleefully recounted how much money his billionaire pals made on the stock market after he suddenly suspended most of his worldwide tariffs.

Events

9 d. ago Donald Trump’s billionaire buds have lost fortunes since ‘Liberation Day’ tariff madness

Elon Musk, Mark Zuckerberg and Jeff Bezos have all seen billions lost from their net worths after shares in their global companies have plummeted since the tariff news

Politics

1 week ago Elon Musk tears into Trump's 'moron' trade adviser as MAGA civil war intensifies over tariffs

Billionaire CEO of Tesla Elon Musk on Tuesday savaged President Donald Trump's trade advisor Peter Navarro after he criticized his car company.

Politics

1 week ago Musk reportedly made several pushes for Trump to back off global tariffs surge

Musk’s unsuccessful attempts may be sign of growing rift between US president and tech billionaireElon Musk made personal, repeated attempts to try to get Donald Trump to back off from the wave of global tariffs that have created turmoil in international markets, it was reported on Tuesday.Musk’s failure to get Trump to listen, however, is evidence to some observers of a growing rift between the US president and the world’s richest person, who has been leading the White House’s efforts to curb federal spending as head of the unofficial department of government efficiency (Doge). Continue reading...

Politics

1 week ago Musk made direct appeal to Trump to reverse sweeping tariffs, report claims

Billionaire Elon Musk made personal appeals to the Donald Trump to reverse his aggressive plan to make sweeping tariff increases, a new report has claimed.

Politics

1 week ago How ‘liberation day’ rout compares with other notorious stock market crises

A swift loss of £4tn from global stock markets has led some to liken Trump’s trade war to 1929 Wall Street crashBusiness live – latest updatesDonald Trump’s escalating trade war has plunged global financial markets into the steepest rout since the spread of the Covid pandemic five years ago.Drawing parallels with the 1929 Wall Street crash and the ensuing 1930s Great Depression, the US president’s “liberation day” tariff plan has led to warnings of a global recession from leading economists. Continue reading...

Politics

1 week ago Donald Trump's 'tariff war' will cause 'economic nuclear winter' claims billionaire supporter

Hedge fund manager Bill Ackman has warned that Trump's tariffs will 'destroy confidence' in the US for trading and investment.

Economics

1 week ago Corporate America won’t stop Trump’s tariffs. Here’s why | Alex Bronzini

Whether among executives, lobbyists or university trustees, an elite backlash to the Trump administration won’t work. It’s up to working people to resistFew historical analogies exist for Donald Trump’s newly announced tariffs. The investment bank Evercore estimates that the so-called “liberation day” announcement has raised the weighted average US tariff to 29% – its highest rate since 1900. To call it a generational action would be an understatement; my grandmother was born in 1939.These tariffs, if they remain in place, will raise prices, eliminate jobs and shrink retirements. No one will pay for them more dearly than American workers. Yet a shock to capitalism inevitably raises the question of whether, and how, capitalists will respond. Faced with Trump’s tariffs, what will the US’s business class do? Continue reading...

Politics

2 w. ago From Nike to Apple: which US brands could be hit hardest by Trump tariffs and what’s at stake?

Companies with suppliers in Asian countries are likely to have to raise prices after the US president’s measuresBusiness live – latest updatesDonald Trump’s “liberation day” tariff war has so far wiped trillions off the market value of publicly traded companies, with the sweeping border taxes of up to 50% poised to wreak havoc on businesses across the world.US-based global brands from Nike to Apple have suffered some of the heaviest falls in share price and market value, as investors react to fears of price increases and a potential slowdown in consumer spending. Here, we examine some of the most exposed industries and brands. Continue reading...

Politics

2 w. ago Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street

Economists say levies of between 10% and 50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

2 w. ago Global markets in turmoil as Trump tariffs wipe $2tn off Wall Street

Economists say levies of 10-50% have dramatically added to the risk of a worldwide downturnGlobal financial markets have been plunged into turmoil as Donald Trump’s escalating trade war knocked trillions of dollars off the value of the world’s biggest companies and heightened fears of a US recession.As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2tn (£1.5tn) was wiped off Wall Street and share prices in other financial centres across the globe. Continue reading...

Economics

2 w. ago Sir Keir Starmer says trade war with Trump would be 'bad for working people'

President Donald Trump slapped a 10% tariff on exports to the US during his 'liberation day' announcement

Politics

2 w. ago Trump calls America a 'patient who is healing' now his 'operation is over'

The Orange Manbaby has decimated globalisation and the world order with his 'Liberation Day' tariff announcement that will see taxes loaded on imports from all corners of the world

Politics

2 w. ago JD Vance reveals Elon Musk's next move after news of DOGE 'shock' exit

Vice President JD Vance dismissed reports that President Donald Trump was dissatisfied with billionaire Elon Musk's work at DOGE and that he was preparing to head for the exits.

Events

2 w. ago Trump live: Apple and Tesla stocks drop in wake of ‘Liberation Day’ as Republicans defy president over tariffs

President Trump says he will impose blanket tariffs on all countries, hitting China and Europe hardest

Politics

2 w. ago Donald Trump makes massive gaffe that leaves people calling him complete 'idiot'

President Donald Trump found himself on the receiving end of ridicule online after imposing a 'Liberation Day' 10% trade tariff in a highly unexpected place

Politics